1. M Stock By Mirae asset
Looking to trade without losing money to high commissions? Explore our list of the best zero-brokerage and lowest-fee trading apps below
App Rating:
Rated approximately 3.6 to 3.8 out of 5 stars on the Google Play Store and Apple App Store, appreciated primarily for its low-cost pricing model, though some users report performance lags during peak market hours.Segments Available:
Allows trading and investing in Equity (Delivery and Intraday), Futures & Options (F&O), Currency Derivatives, IPOs, Margin Trading Facility (MTF / Pay Later), and Direct Mutual Funds.(Note: Commodity trading is currently not supported).
Website Login: Accessible via the official web trading portal (trade.mstock.com) using client credentials authenticated via an OTP sent to a registered mobile number/email.
Intraday Trading Charges:
₹5 per executed order (or potentially zero depending on specific promotional/lifetime zero-brokerage plans opted for during account opening). Standard statutory levies like STT, Exchange Transaction Charges, SEBI charges, and GST apply additionally.Delivery Trading Charges:
₹5 per executed order (or zero brokerage under specific upfront plans). Direct Mutual Funds and IPO investments are commission-free.Website & App Login:
App Login: Available for Android and iOS via the m.Stock: MF, Stocks, IPO application.Website Login: Accessible via the official web trading portal (trade.mstock.com) using client credentials authenticated via an OTP sent to a registered mobile number/email.
2. Flattrade Trading App Overview
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App Ratings
Rated around 4.3 to 4.5 out of 5 stars on the Google Play Store and Apple App Store, well-regarded by active and algorithmic traders for its zero-brokerage pricing model.Segments Available:
Supports trading and investing across Equity (Delivery and Intraday), Futures & Options (F&O), Currency Derivatives, Commodities (MCX), Mutual Funds, ETFs, and IPOs.
Website Login: Accessible through the official web trading portal or browser-based trading terminals provided on the Flattrade website using client ID and password credentials, authenticated via an OTP security layer.
Trading Charges:
₹0 (Zero Brokerage) across all intraday segments (Equity, F&O, Commodity, Currency). Standard regulatory and statutory fees (such as STT, GST, SEBI turnover charges, and stamp duty) apply additionally.Trading Charges:
₹0 (Zero Brokerage) for long-term Equity delivery investments & intraday trading. Zero Account Maintenance Charges (AMC) for life on both trading and Demat accounts.Website & App Login:
App Login: Available via the Flattrade - Stock, F&O, IPO mobile application (powered by the Noren Trading Platform architecture). Secured using a 6-digit user-generated passcode, pattern lock, or biometric verification (Fingerprint/Face ID).Website Login: Accessible through the official web trading portal or browser-based trading terminals provided on the Flattrade website using client ID and password credentials, authenticated via an OTP security layer.
3. Shoonya by Finvasia Trading App Overview
App Rating:
Generally rated around 4.0 to 4.2 out of 5 stars on the Google Play Store and Apple App Store, widely valued by users for its true zero-brokerage model and zero AMC, though some feedback points to a less modern user interface compared to newer-age retail apps.Segments Available:
Offers multi-asset trading across Equity (Delivery and Intraday), Futures & Options (F&O), Currency Derivatives, Commodities (MCX), ETFs, Mutual Funds, and Bonds.Trading Charges:
0.03% or a maximum of ₹5 per executed order (whichever is lower). Standard statutory and government charges (such as STT, Exchange Transaction Charges, GST, and Stamp Duty) apply additionally.Trading Charges:
₹0 (Absolute Zero Brokerage) for Equity Delivery & intraday. Investors only pay mandatory government and exchange turnover levies. Account opening and Annual Maintenance Charges (AMC) are also free.Website & App Login:
App Login: Accessible via the Shoonya mobile app (Android and iOS).Website Login: Accessible via the web trading platform (shoonya.com or its designated web trading portal) using user credentials backed by an OTP verification sent to the registered mobile number or email.
4. SBI Securities
SBI Securities (operated by SBICAP Securities Limited) is the full-service retail broking and investment subsidiary of SBI Capital Markets Ltd, backed by the State Bank of India.
Segments Available
Equities (Cash delivery & Intraday)
Derivatives (F&O on NSE & BSE)
Currency & Commodity derivatives (MCX)
Mutual Funds & Systematic Investment Plans (SIP
Trading Charges:
SBI Securities generally charges a flat ₹20 per executed order on its discount tariff tiers, but it also offers the ProZero lifetime Plan ( ₹99 fee) tailored for active traders. Under this plan, clients pay ₹0 brokerage on all intraday trades across Cash (Equity) and F&O (Futures & Options). Carry-forward and delivery trades attract standard flat or percentage-based rate know more

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